Answer: cognitive dissonance
Explanation: Cognitive dissonance takes place in the fields of psychology when an individual holds two or more irrational beliefs, concepts, or principles, or takes part in a motion that runs counter to any of these three and thereby perspectives mental stress.
Inconvenience is caused by an individual's belief that conflicts with new interpreted proof (statistics) in which they attempt to take steps to address the inconsistency in order to minimize their distress.
In simple words, The concept behind cognitive dissonance shows that people find psychological continuity regarding their life span and the earth's objective reality.
Answer:
A. True
Explanation:
Gas and electricity are called necessity goods. They are deemed too important to do without. They are essential to life. These categories of goods are insensitive to changes in income level.
Two primary characteristics that define perfectly competitive markets that necessity goods deviate from are:
· Demand is elastic. In perfect competition demand is inelastic i.e. Increase in price will lead to a significant change in quantity demanded. This is not so in necessity goods because these goods are essential to life. So increase in price of these categories of goods or decrease in income level of households will not have effect on the consumption of the goods.
· Bargaining Power of Supplier is high. In perfect competition, bargaining power of supplier is low i.e. suppliers have little power in influencing the price of goods but for necessity goods, reverse is the case. The bargaining power of suppliers is a little bit higher. Suppliers can influence price while consumers adjust.
The location and experience curve economy is the main goal of a global standardization plan, which also recognizes the interdependence of many of its operations.
Using uniform marketing messages and campaigns across markets, nations, and cultures is referred to as a global standardization approach. The largest companies in the world, including Coca-Cola and Adidas, adopt a global standardization approach to provide a unified brand experience across geographies and languages.
A corporation may ensure that its products and the way they are sold are generally the same all over the world, spanning nations, cultures, and platforms, by implementing a global standardization plan. The final objective is to make the brand more recognizable to everyone while simultaneously lowering expenses and complexity.
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Answer:
The correct answer is: Decoupling.
Explanation:
Great Decoupling was a process detected in the 80s according to which employment growth, GDP growth per capita, and the percentage of families with average disposable income began to lag behind in relation to economic and productivity growth .
The worst thing is that this phenomenon has increased with the financial crisis that began in 2008 and appears today, apparently from the beginning of this century, as a structural change in the economies of developed countries.
Improving the rate of productivity of resources faster than the rate of economic growth is the idea behind the concept of "decoupling." That objective, however, requires an urgent rethinking of the links between the use of resources and economic prosperity, backed by a massive investment in technological, financial and social innovation, until at least freezing the level of per capita consumption in countries rich and help developing nations to follow a more sustainable route.
Answer:
$6 per bushel
3 thousand bushels
Explanation:
The equilibrium price is the price for which the quantities demanded and supplied are the same, regardless of the price floor.
The equilibrium quantity is given by:
The equilibrium price is:
At market equilibrium, the price is $6 per bushel, and the equilibrium quantity is 3 thousand bushels.